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the CARS program ran for 1 month in 2009. so it didnt affect 2009 and later model years. it appears to have increased new car sales in 2009 so it should posit
by eigen 5y ago
the CARS program ran for 1 month in 2009. so it didnt affect 2009 and later model years. it appears to have increased new car sales in 2009 so it should positively affect the used car market in later years as those new cars moved to the used car market.
please explain how the used car market is "slowly recovering" 11 years later.
- mkr-hn 5y agoIt took almost 700,000 of the most affordable cars off the market. That plus the reliability of newer cars means they stay with their original owners longer, so there are fewer used cars on the market at prices people can afford. Used car prices are still out of reach for too many people even before factoring in things like insurance and registration.